Change - Announcement of Appointment::PROMOTION OF APPOINTEE UNDER RULE 704(9) OF LISTING MANUAL

Issuer & Securities

Issuer/ Manager
IFAST CORPORATION LTD.
Securities
IFAST CORPORATION LTD. - SG1AF5000000 - AIY
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
25-Feb-2016 07:32:41
Status
New
Announcement Sub Title
PROMOTION OF APPOINTEE UNDER RULE 704(9) OF LISTING MANUAL
Announcement Reference
SG160225OTHR4N4T
Submitted By (Co./ Ind. Name)
Lim Chung Chun
Designation
Chairman/Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of iFast Corporation Ltd. (the "Company" together with its subsidiaries, the "Group") wishes to announce the promotion of Mr Lim Wee Kiong from General Manager of Platform Services Singapore to Managing Director of Platform Services Singapore with effect from 24 February 2016. Mr Lim Wee Kiong is a brother of Mr Lim Wee Kian, a Director of the Company.

By Order of the Board

Lim Chung Chun
Chairman / Chief Executive Officer

25 February 2016


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The initial public offering of shares and listing of iFAST Corporation Ltd. on the Main Board of the Singapore Exchange Securities Trading Limited was jointly sponsored by DBS Bank Ltd. and RHB Securities Singapore Pte. Ltd. (formerly known as DMG & Partners Securities Pte Ltd) as joint issue managers, bookrunners and underwriters ("Joint Issue Managers, Bookrunners and Underwriters"). The Joint Issue Managers, Bookrunners and Underwriters assume no responsibility for the contents of this announcement.

Additional Details

Date Of Appointment
24/02/2016
Name Of Person
Lim Wee Kiong
Age
43
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board confirmed the appointment based on the past experiences and contribution of Mr Lim Wee Kiong.
Whether appointment is executive, and if so, the area of responsibility
Executive. Mr Lim Wee Kiong will be responsible for overseeing the Group's B2B Business in Singapore.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Managing Director of Platform Services Singapore
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Yes. Brother of Mr Lim Wee Kian, a Director of the Company.
Conflict of interests (including any competing business)
No.
Working experience and occupation(s) during the past 10 years
2006 to Present: General Manager of Platform Services Singapore. Mr Lim is responsible for overseeing the Group's B2B Business in Singapore.
Shareholding interest in the listed issuer and its subsidiaries?
Yes
Shareholding Details
Shares
Mr. Lim Wee Kiong has 1,655,290 ordinary shares in the Company.

Options
Mr. Lim Wee Kiong has 186,000 options under iFAST Employee Share Option Scheme.

Performance Shares
Mr, Lim Wee Kiong has 73,600 performance shares under iFAST Corporation Performance Share Plan.


# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
None
Present
FA Corporate & Compliance Consultancy Pte Ltd
Providend Holding Pte Ltd
Caerulean Limited
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of a listed company?
No
If No, Please provide details of any training undertaken in the roles and responsibilities of a director of a listed company
N/A